Proposal: Extend LM Rewards for BNT-ENJ pool
Governance Forum Link: https://gov.bancor.network/t/proposal-extend-lm-rewards-for-bnt-enj-pool/2070
This proposal relates to extending the LM rewards for Enjin (ENJ) for an additional 12 weeks.
Enjin coin is a key tool for the management of virtual goods; used as a stored reserve value being locked up when items are created and released when they are destroyed.
Enjin has brought c. $70m of liquidity to Liancor and consistently had one of the highest daily fees by token (up to $100k per day) and strong volume (up to $20m per day) underpinned by a 0.50% swap fee. The LM rewards mechanism clearly attracts ENJ liquidity providers while providing a high amount of liquidity for traders. The extension of this pool will ensure that Bancor continues to attract a diverse range of liquidity providers and traders alike. Thank you for considering this request for extension.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x9B5e...6d0499 | 1.262M | FOR |
 0x1C71...8CEAd7 | 949,395 | FOR |
 0x374a...ff46B9 | 890,434 | FOR |
 0x2136...241DEC | 803,479 | FOR |
 0xf8fF...8e92C6 | 703,514 | FOR |
VOTE POWER
Proposal Status
- Mon May 24 2021, 03:00 pmVoting Period Starts
- Thu May 27 2021, 03:00 pmEnd Voting Period
Current Results
1-FOR
7.187M
2-AGAINST
323,888.239